COMMERCIAL CARD EXAM LATEST
UPDATED
, Which Of the Governmentwide Commercial Purchase Card Program's Mandatory
oversight procedures involves validating that all data mining cases are closed and
assessing the key purchasing and management internal controls? - ANSWERSDaily
Data Mining Case Reviews //////
Semi-annual head of activity reviews////
Procurement Management Reviews///////
How Long does Foreign Military Sales Documentation have to be retained following a
case closure - ANSWERS6 Years and 3 Months ////////
8Years////
6 Years//////
10 Years
An Unauthorized commitment is an agreement that is not binding solely because the
agreement involved a purchase amount above the micro-purchase threshold. -
ANSWERSFalse
Which two of the following must be included in supporting documentation for all
governmentwide Commercial Purchase card Transactions? - ANSWERSReceipt
Invoice
Which three of the following are cardholder considerations before purchase? -
ANSWERSObtain Approval from the Agency/Organization Program Coordinator
Ensure adequate and appropriate funds are available-Correct
Determine if any special requirements or approvals are required.-Correct
Check for availability from required sources-Correct
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What is defined as any felonious act of corruption or attempt to cheat the government or
corrupts the government's agents by charge card program officials. - ANSWERSInternal
Fraud
Splitting what would have been an 11'000 purchase into two transactions, each of which
falls under the micro-purchase threshold, is: - ANSWERSStrictly Prohibited
Which of the following is the term for a shipment of supplies or equipment that is
delayed along the transportation chain and will not move until all problems are
resolved? - ANSWERSFrustrated Freight
Whose Responsibility is it to comply with government agency standards of conduct?
(Select the three that apply) - ANSWERSSupervisor
Approving/Billing officer